Discussion in 'Bullion Investing' started by Dalladalla80, Aug 2, 2019.
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I can't see the listing anymore, but I take it that for Liberty DE's that's NOT the case, right ? Simply too much scarcity.
Not unless you can be satisfied with circulated examples.
Purposes probably not you best bet
Hadn't heard them described as Coronets...always called them Liberty's. But sound advice, IMO.
i am all for collecting what you want however buying graded gold for the
Purpose of investment is a wrong move, you pay a premium in most cases
You can get back, 1OZ of gold is worth exactly 1OZ of gold regard less
Of condition be it a MS70 Coin or one that has been run over by a train
Fair points...but IMO as long as the premium is reasonable relative to the price of gold, it's not a bad thing IF you like the coin for aesthetic and artistic reasons.
I'm looking at some graded bullion pieces and might pay a 20-25% premium to gold but I like the designs and want the grade/slab. I wouldn't do it if I was buying a TON of gold coins but since I am only buying a few, I would like something other than a plain gold bar or even a plain old American Gold Eagle (though I want some of those, too).
Reasonable being the key word, it all depends on what you consider reasonable ?
If you like for example like double eagles and trying to find the finest examples
That,s one thing, because when you collect for enjoyment paying to much
Really isnt a big concern, however when your trying to make money, you
always buy for the lowest possible price and sell for the highest, that,s
Economics 101, but when your going this route, never pay for anything
Graded it will only cut in to your profit and make it harder to sell.
Well, don’t hold that as a personal vendetta against Apmex. They are a first class outfit. These sales tax issues are implemented by states that figured out they are losing revenue to mail order business. I would suspect in short order that all states will follow suit.
Coins have always been taxable in Tennessee. Enforcement has stepped up. A recent supreme court decision requires out of state dealers to collect tax on coins and other merchandise shipped to Tennessee. I think we will see more dealers collecting the tax. We are working to get the law changed to exempt coins but so far have not been successful. Tennessee does not have an income tax and relies heavily on sales taxes to fund the government.
I remember in 2000 the sales tax exemption had congressional support, times have changed.
Eventually I'm going to buy an MS62 or MS63 Saint that is right above bullion....and even if it's in a slab, might take it out so I can have a coin I can touch and feel.
Might sound stupid but since I'm not going to touch my higher-gradeds that are slabbed, it's a way to experience what it might have been like to hold such a coin like 100 years ago (even though I realize outside of the West and California they rarely circulated in domestic commerce).
Did the U.S. Supreme Court overturn it's own long-standing tax policy involving no physical presence ?
Packrat no vendetta against APMEX just not willing to pay taxes when I can pick up a coin from a place not charging taxes. And I never stated I was from Tennessee so I do not know how you came up with that unless you work for the NSA but you are close
S. Dakota VS Wayfair is a ridiculous law that all states are adopting.
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